Last updated on January 11th, 2024 at 01:23 pm
African countries are famous for their beautiful landscapes and rich culture. Africa has various richest cities. The rapid growth in the tourism, finance construction, construction, and real estate industries made African cities expensive. In this article, we will talk about the top 10 richest cities in Africa in 2024.
Table of Contents
1. Johannesburg, South Africa
Johannesburg, South Africa’s biggest city and the capital of Gauteng province, is one of the richest cities in Africa in 2024. The total wealth of Johannesburg is $248 billion. Johannesburg is also home to 970 millionaires.
2. Cairo, Egypt
Cairo, Egypt’s sprawling capital, is the second richest city in Africa. Cairo has five billionaires and 480 millionaires. The total wealth of Cairo is more than $140 billion. It is also one of the cleanest cities in Africa.
3. Cape Town, South Africa
Cape Town, the capital of South Africa, is one of the most expensive suburbs in South Africa. It has 150,000 millionaires. The total wealth of Cape Town is estimated at $135 billion. The rapid growth in tourism has increased the GDP of South Africa and Cape Town. Bantry Bay is the richest suburb in Cape Town.
4. Lagos, Nigeria
Lagos, Nigeria’s largest city, has 480 multi-millionaires and four billionaires. It has an estimated value of $120 billion. It is a major African financial centre because Lagos has a strong trade between imports and exports.
5. Nairobi, Kenya
Nairobi, the capital city of Kenya, is one of the richest cities in Africa. It has an estimated value of $55 billion. The growth in construction, real estate, tourism and telecommunications helped to make Nairobi the richest city in Kenya.
6. Luanda, Angola
Luanda, the capital of Angola, is home to 400 millionaires and 340 multimillionaires. The total wealth of the city is $48 billion. The increase in transportation, real estate, and construction sectors made Luanda a great city in Africa.
7. Durban, South Africa
Durban, a coastal city in eastern South Africa’s KwaZulu-Natal province, is home to 3200 millionaires, 130 multi-millionaires and one billionaire. The total wealth of Durban is $46 billion. It is one of the most expensive suburbs in Durban.
8. Pretoria, South Africa
Pretoria is South Africa’s administrative capital and one of the richest cities in Africa. It has millionaires from 2600 residents. The total wealth of Pretoria is $42 billion. It is home to the Council for Scientific and Industrial Research.
9. Casablanca, Morocco
Casablanca is the largest city in Morocco. It has 2300 millionaires and 111 multi-millionaires. The total wealth of Casablanca is around $40 billion. Casablanca is Morocco’s economic and business centre.
10. Accra, Ghana
Accra, the capital of Ghana, is one of the richest cities in Africa. The total net worth of the city is $35 billion. It is home to 2300 millionaires and 100 multi-billionaires. Many richest people in Ghana live in Accra.
This is the list of the top 10 richest cities in Africa in 2023.
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